Economy

Minister of the Economy and Innovation Aušrinė Armonaitė is paying a working visit to California from 29 January to 2 February, where she will open the Lithuanian national stand at the Photonics West 2024 laser exhibition. A total of 22 companies from the country’s laser sector are participating in ...

In 2022, Thermo Fisher Scientific Baltics, Vilniaus prekyba and SEB were among the top profit earning companies that paid out the highest dividends, reports business news website vz.lt (Verslo žinios).

Medicinos bankas will change its name becoming Urbo bankas on 1 February. The decision was made at an extraordinary general meeting of shareholders on 29 January.

On Thursday, farmers protesting in Vilnius over agricultural policies met with the prime minister. Their protest, which has lasted for three days, is due to end on Thursday at 4 p.m.

On 18 January, Ignitis Group, an integrated renewable energy company, was recognised as Most Environmentally Friendly Company and Workplace of the Year in the category of large companies by the jury of the National Responsible Business Awards. Ignitis Group was also presented the top socially respon...

Considering the rapid development of electric vehicle (EV) charging station infrastructure in Lithuania, the Competition Council has decided to monitor whether there are any barriers to competition in this sector, the authority announced.

At the World Economic Forum in Davos, President Gitanas Nausėda met with Christian Sewing, CEO of Germany’s Deutsche Bank, one of the world’s largest financial institutions, the president’s office reports.

The euro area annual inflation rate was 2.9% in December 2023, up from 2.4% in November. A year earlier, the rate was 9.2%. European Union annual inflation was 3.4% in December 2023, up from 3.1% in November. A year earlier, the rate was 10.4%. These figures are published by Eurostat, the statistica...

Some 12% of Lithuanian households have solar panels installed on their homes and 27% are considering having them installed in the near future, a public opinion poll commissioned by solar panel producer SoliTek shows.

Medicinos bankas plans to change its name in the first quarter of 2024, to expand the range of financial services to residents and to increase business client financing portfolio.

Last week, the minister of transport mentioned that Lithuania may consider buying shares of Latvian airline airBaltic. CEO of Lithuanian Airports Simonas Bartkus notes that 4 airBaltic planes are based in Lithuania currently and the number could increase to 7 in the future.

The economy minister says Lithuania has exhausted all the means at its disposal to restrict the entry of European goods into Russia amid renewed public debate on the continued operations of the Vičiūnai Group in Russia.

Lithuania is a priority market for Poland’s commercial banks, claims Lithuania’s Minister of Finance Gintarė Skaistė as the Government continues its efforts to attract a new foreign bank to set up shop in the country.

The European Gas Transmission System Operators Gasgrid Finland (Finland), Elering (Estonia), Conexus Baltic Grid (Latvia), Amber Grid (Lithuania), GAZ-SYSTEM (Poland) and ONTRAS (Germany) participating in the international project for the creation of the Nordic-Baltic Hydrogen Corridor have signed a...

Lithuania expects its economy to expand by 1.7% next year, following a soft landing in 2023, according to the latest update on the Finance Ministry’s Economic Development Scenario. The same growth was projected by the ministry in September.

In November 2023, compared to October, construction input prices in Lithuania grew by 0.2 percent, the State Data Agency said on Thursday.

The EU-harmonised annual inflation is at 1.6% in Lithuania in December, according to a flash estimate from the State Data Agency.

Lithuania is set to have its first Michelin-rated restaurant next year, says Minister of the Economy and Innovation Aušrinė Armonaitė.

Minister of the Economy and Innovation Aušrinė Armonaitė met in Germany with the heads of the DACH region of the IT service provider NTT DATA, to whom she presented the advantages of the investment environment in Lithuania, discussed the company’s development plans and invited them to invest in Lith...

Minister of the Economy and Innovation Aušrinė Armonaitė on Wednesday started her three-day working visit to Germany. The minister is scheduled to meet with the management of Continental AG, NTT DATA and one of the largest German automotive groups to discuss their investment and development plans in...